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Sat, Feb 4th, 2023

Ming Jong Tey

Ming Jong Tey

Ming Jong Tey is a trader who specializes in price action trading with Wyckoff method. He is active in swing trading and position trading of stocks in US and Malaysia and day trading in S&P 500 E-mini futures. 

He helps students to master price action trading in order to profit consistently from any market and conducts weekly live coaching sessions to discover the best stock trading ideas and stay on top of the market.

You can get his free weekly market insights via email at TradePrecise.com and to find out his thought process on his YouTube channel.

Most Recent Stories

Will Starbucks' Coffee Brewing Brew More Profits?

The Wyckoff sign of strength rally (SOS) with a backup action as a confirmation could suggest Starbucks (SBUX) ...

SBUX : 104.30 (-4.44%)
The S&P 500 Trend Decoded: The Key Levels You Need to Know

Find out how to use the Wyckoff trading method together with the key levels you need to know to judge the immediate trend, short-term trend and the long term trend of S&P 500.

SPY : 412.35 (-1.06%)
$SPX : 4,136.48 (-1.04%)
$INX : 4,136.48 (-1.04%)
QQQ : 306.18 (-1.78%)
$NASX : 12,006.95 (-1.59%)
$IUXX : 12,573.36 (-1.79%)
DIA : 338.98 (-0.43%)
$DOWI : 33,926.01 (-0.38%)
IWM : 196.99 (-0.67%)
ESH23 : 4,147.75s (-1.04%)
Is Nvidia (NVDA) roaring back with buzz of artificial intelligence?

According to the Wyckoff method, Nvidia (NVDA) is to commit above the key level as mentioned to sustain the Wyckoff accumulation. If it breaks below the support level at …

NVDA : 211.00 (-2.81%)
Here are the Bullish Tell-tale Signs Detected in S&P 500 and What to Watch for

Find out how to use the Wyckoff method to detect the bullish subtle changes in S&P 500 and what to expect next for the bullish scenario and when it will be violated.

SPY : 412.35 (-1.06%)
$SPX : 4,136.48 (-1.04%)
$INX : 4,136.48 (-1.04%)
QQQ : 306.18 (-1.78%)
$NASX : 12,006.95 (-1.59%)
$IUXX : 12,573.36 (-1.79%)
DIA : 338.98 (-0.43%)
$DOWI : 33,926.01 (-0.38%)
IWM : 196.99 (-0.67%)
ESH23 : 4,147.75s (-1.04%)
A New Bull Run Could be Triggered Based On The Market Breadth Stat For The Past 20 Years

Based on the market breadth assessed in the 3 conditions to be fulfilled, a new bull market could begin according to the stat in the past 20 years. Find out how you could confirm the bull run with the...

$MMTH : 63.83 (-3.90%)
SPY : 412.35 (-1.06%)
$SPX : 4,136.48 (-1.04%)
$INX : 4,136.48 (-1.04%)
QQQ : 306.18 (-1.78%)
$NASX : 12,006.95 (-1.59%)
$IUXX : 12,573.36 (-1.79%)
DIA : 338.98 (-0.43%)
$DOWI : 33,926.01 (-0.38%)
IWM : 196.99 (-0.67%)
ESH23 : 4,147.75s (-1.04%)
Could VIPS Continue Its Bullish Momentum After 140% Rally since October?

According to the Wyckoff method, VIPS has completed an accumulation phase and is now in mark up phase E. It will likely …

VIPS : 15.21 (-3.67%)
Does Alibaba have what it takes to rally 200% back to its all time high?

According to the Wyckoff method, it would be prudent to observe the reaction to this price level at $110 for Alibaba (BABA) because …

BABA : 106.33 (-3.11%)
Bull Market Could Be In For China According to The Wyckoff Method

Based on the Wyckoff trading method, China internet ETF, KWEB, could be in for a bull run as it nears completion of Wyckoff accumulation pattern.

KWEB : 33.35 (-3.19%)
PDD : 95.65 (-3.98%)
YMM : 7.44 (-6.77%)
VIPS : 15.21 (-3.67%)
TCOM : 35.77 (-1.84%)
TME : 8.42 (-5.29%)
FXI : 31.09 (-2.45%)
GXC : 86.63 (-2.33%)
Is Las Vegas Sands the right bet for you?

According to the Wyckoff method, LVS has completed an accumulation phase and will likely test the price target at …

LVS : 58.08 (+1.18%)
Is IBM the outperforming stock to catch?

According to the Wyckoff method, the IBM is now in the backup range between $138 and $150, near completion of the accumulation structure.

IBM : 136.94 (+0.40%)

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As traders rushed to take advantage of massive gains during Thursday's trading session, call option volume hit a new record high https://t.co/gVzkkDsUNb
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Cleveland Fed is forecasting that headline inflation will rise 0.63% month-over-month in the next CPI reading scheduled for February 14 👀 https://t.co/KLvu0YCwtZ
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Hedge Fund Manager Dan Niles remains extremely bearish on the market and expects prices to fall by the middle of the year once investors realize that the Fed isn't going to cut rates this year https://t.co/xDrnAJ3Nbq
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Thursday's S&P 500 Golden Cross was only the 20th time (since 1928) the cross happened with a downward sloping 200 Day Moving Average. Historically during these Golden Crosses, the S&P 500 has generated a positive return 74% of the time 260 days later w/ an avg gain of 14.1%. https://t.co/AQPHRwT0Qh
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2022 was the worst year since the 1930s for the 60/40 portfolio. But that is changing so far in 2023 as the 60/40 strategy generated a return of 6.2% in January, placing it in the 96th percentile of all months since 1921 (according to BoA). https://t.co/WJOOqQUhoy
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"We think folks buying in here are buying into yet another bear market rally. This feels so much like Jan 2000, where everyone said the worst is behind us and it was only the beginning." - Lisa Shalett, CIO of Morgan Stanley Wealth Management https://t.co/6cwSL3WfSG
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Nasdaq just had its 5th straight green week, the longest winning streak since the market peaked in November 2021 👀👀 https://t.co/6qSD2KFLZ4 https://t.co/oF4HorH9Bw
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BREAKING: Jim Cramer says a strong jobs report shows the economy can handle more rate hikes https://t.co/qTI2PjSU9I
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Facebook's $META 23.28% gain on Thursday was the 2nd largest green day in the company's history. The largest was 29.61% on July 25, 2013. https://t.co/chZRMvLhAU
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U.S. Dollar $DXY - Continued strength or will it break down again? https://t.co/OPTRCZi1Mb
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% of Large Cap Stocks Above Their Moving Averages Energy and Utilities 👀 https://t.co/61FZkBEQK4
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CNN Stock Market Fear & Greed Index = 76 (Extreme Greed) We did it everyone!! 🔥💪🥳🤑💵🚀 https://t.co/S4N0fBstIw
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Tesla's Unrivaled Profit Margins - $TSLA https://t.co/UHvNYUJyR6
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Today's Futures Heat Map Strongest: Orange Juice, U.S. Dollar Index, Soybean Meal, Lumber Weakest: Silver, Platinum, Gasoline, Heating Oil https://t.co/hyEdHaV1YW
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4 Stock Market Morning Movers: $AMZN $F $JWN $TEAM Check out the Details 👇 https://t.co/xZ3wUXj1Tb
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Markets Today: Stocks Plunge On Weak Tech Earnings And U.S. Labor Strength Related Stocks: $AAPL $GOOGL $AMZN $F https://t.co/wly798CZe4
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Stock Buybacks surpassed $130 Billion in January, the most ever to begin a year. Will this trend continue and send the market higher over the coming months? https://t.co/HNOwRAWwzP
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"We are the new Nasdaq" said Cathie Wood, Founder and CEO of ARK Investment Management. $ARKK https://t.co/Rf1SmmpSrD
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Want to see which names are most active in pre-market trading? Check out our new page 👇 $GENE $TSLA $VINO $RSLS $AMZN $BZFD $BBBY $CVNA $JWN $EDBL $AAPL $BP $GOOGL Link: https://t.co/JHjncjKRUe https://t.co/SpYaEe2Vd0
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Stock and ETF trades from retail investors accounted for approximately 23% of total trading volume in late January, surpassing the previous high of 22% which occurred during the meme mania of 2021. https://t.co/E7RcZpipi4
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Mega-Cap Earnings Announcements Will Test Tech Rally - $AAPL $AMZN $GOOG https://t.co/pmMGyK4azx
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Stocks w/ most active options trading: $AMZN - 1.482M $TSLA - 1.447M $AAPL - 1.116M $GOOGL - 635k $AMD - 601k $META - 569k $NVDA - 442k $AMC - 382k $GOOG - 341k $GME - 257k $BBBY - 247k $SOFI - 244k $SNAP - 198k $PLTR - 186k $BABA - 172k $F - 171k What options did you trade?
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